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Dec 3, 2012
12/12
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it allows them to raise taxes with little concern of republican opposition. leaders will avoid dog that considering voters just passed prop 30 as l. the republicans and governor brown say they will be watching the democrats to keep it in check. >>> lawmakers are honoring nevin. he died yesterday at 69. he was a former supervisor, mayor of daly city and police inspector in san francisco. congresswoman jackie spear today called him a giant who had boundless compassion. the current supervisor says he was a great leader and vision. among other causes he af indicated for all children to receive -- adsroe indicated for all children to have health insurance. >>> the pope goes high-tech. what the religion leader is about to do for the first time >>> the kansas city chiefs held a moment of silent ahead of the game for the panthers. the players were quiet after they won the game. yesterday, linebacker jovan belcher shot himself in front of his coach after killing his girlfriend a short time earlier. the chief's owner and fans reacted today. >> we have so many guys on t
it allows them to raise taxes with little concern of republican opposition. leaders will avoid dog that considering voters just passed prop 30 as l. the republicans and governor brown say they will be watching the democrats to keep it in check. >>> lawmakers are honoring nevin. he died yesterday at 69. he was a former supervisor, mayor of daly city and police inspector in san francisco. congresswoman jackie spear today called him a giant who had boundless compassion. the current...
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Dec 5, 2012
12/12
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KTVU
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but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is b
but swonk admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal...
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Dec 10, 2012
12/12
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KGO
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are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporter: if washington can't reach an agreement, every american will see a tax hike. >> there's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter: there's 22 days before the cliff. some lawmakers believe a deal is needed this week if they hope to reach agreement by the end of the year. >> tahman bradley in washington. thank you. >>> john mcafee says he wants to return to the u.s. and live quote whatever normal life he can. he's trying to avoid deportation to belize where he's wanted in questioning for his neighbor's murder. he described leaves belize, not eating for two days and smoking nonstop. >>> family and friends are mourning the loss of jenny rivera. a superstar of latin music. friends gathered to share the
are open to more tax revenues. the two parties seem to be closer on entitlement, with one leading democrats saying he's open to means testing for medicare. >> i do believe there should be means testing. those of us with higher income and retirement should may more. >> reporter: if washington can't reach an agreement, every american will see a tax hike. >> there's going to be a lot of suffering among a lot of people who deserve otherwise. >> reporter: there's 22 days...
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but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and health benefits for all members of congress and president obam
but the plan calls for raising the revenue without raising tax rates on top income earners, something the white house views as unacceptable. during a photo op, the president avoided questions about the gop plan. >> no deal better than a bad deal, sir? >> reporter: a senior white house official called the proposal a step backwards. saying if republicans do not agree to some higher tax rates for the wealthy, the nation will go over the fiscal cliff, and the american people will hold...
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democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not going to negotiate at all over the debt limit. i don't know how you can get that resolved by december 31st. >> could the republicans give in on the tax cuts on the rich in this country if they want to use the debt limit as leverage? >> they could. lot of republicans have said, they know taxes are going to go up, but they want to know how far the president is willing to go in cutting spending especially that entitlement spending, even social security before they sign on to the higher rates. you got these guys circling each other before coming together. >> if i'm sitting at home and i'm not follo
democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and spending cuts. republicans aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden with all of these negotiations they sometimes with most fire before they break. the debt limit, president obama said that he's not...
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we're 24 days from tax increases for everyone. and big, painful federal budget cuts, unless president obama and house speaker john boehner can come together. >> the president, not so conciliatory note. we'll get the latest from david kerley coming up. >>> check this out. why all new cars may soon be spying on their drivers and making it tough for you to cover your tracks. >>> we're going to start, though, with what should have been a joyous week for the royal family. but news of kate's pregnancy was overshadowed by her hospitalization for morning sickness, a prank call that duped two of her nurses. and then, the suspected suicide of one of those nurses. this morning, the boss of the two australian deejays behind this prank is now speaking out. and abc's jeffrey kofman is in london on the story. jeffrey, good morning to you, sir. >> reporter: and good morning to you, dan. an outpouring of indignation, what we're seeing around the world as news of this story spreads. and nowhere is it stronger than in australia. all of it focused on
we're 24 days from tax increases for everyone. and big, painful federal budget cuts, unless president obama and house speaker john boehner can come together. >> the president, not so conciliatory note. we'll get the latest from david kerley coming up. >>> check this out. why all new cars may soon be spying on their drivers and making it tough for you to cover your tracks. >>> we're going to start, though, with what should have been a joyous week for the royal family. but...
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Dec 3, 2012
12/12
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KRON
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taxing is now the single most widely used application in the world. a 1% a mobile phone users send text messages. here is a live look pitcher bay bridge approach. traffic is low is a pretty slow. erica was the word on whether just a bit. >> here in the news room we are monitoring the flood concerns in the south bay. residents there gathered at still bus crossing over you've discreet in gilroy to watch as the water began to rise. the water often goes over the road bear but at this point it had not yet crescent the roadway. meanwhile a nearby levee was able to withstand the excess water. however there was flooding in other parts of gilroy that shut down some rose and sentries crashing down. >> residents gathered over the weekend to watch this water get higher and higher. at this point it has not gone all the road yet. this is good news. >> the water will not be flowing today and this is a good day for us to clean up. >> we have about 24 hours of a drive break. we will see light rain early afternoon for the north bay. this is a slow mover that will pick
taxing is now the single most widely used application in the world. a 1% a mobile phone users send text messages. here is a live look pitcher bay bridge approach. traffic is low is a pretty slow. erica was the word on whether just a bit. >> here in the news room we are monitoring the flood concerns in the south bay. residents there gathered at still bus crossing over you've discreet in gilroy to watch as the water began to rise. the water often goes over the road bear but at this point it...
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we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up yesterday is a replacement for leon panetta at the defense department. >> it's possible, this is a real game of musical chairs right now. the president has to fill at least three big jobs, secretary of state, cia. if the president does not choose susan rice that means kerry goes to state and hagel goes to defense. we just don't know right now. all of those names are in play as we talk. >> this wouldn't be his first republican secretary of defense as well. bob gates. all right, george. >>> don't miss george's interview with treasury secretary geithner
we know that the tax hikes go up. ben bernanke, the fed chairman, fears that it will throw the country into a recession. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. >>> the president also concentrating on recasting his new cabinet and one name that came up...
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Dec 5, 2012
12/12
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KRON
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the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. this is making big news across country the fall on the front page of yesterday's new york post scene here has a lot of people questioning the newspaper and the phot
the republicans may be softening on raising taxes for the wealthiest americans. the white house may be bending on some greater spending cuts for medicare and raising the age from 65 to 67. they will be work meeting witlater on. >> if you can see the rain coming down, livermore is getting hammered. we will be right back. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and...
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cut come january. >> congress must come up with a budget compromise before the end of the year or tax hikes and federal spending cuts will go into affect. pelosi will try to force a house vote to break the deadlock. tonight's annual gala event honored the entertainment great including dustin hoffman, david letterman, led -zeplin and chicago's buddy guy. they received the award for culture and the arts. >>> the" twilight" finale held on to the number one spot foreed earning more than $250 million domestically since it opened. "sky fall" hung on to second place followed by" lincoln," "rise of the guardians" and" life of pi." they should top $10 billion for the year next weekend. and now one last check on the weather with leigh glaser. >> we'll check one more time with live doppler 7hd. mainly clear conditions and no returns being picked up right now. that moisture has moved to the south and to the east of us. a nice break tonight and tomorrow, and then we will see a weaker system bring us more rain as we head into tuesday night and wednesday. if you are traveling tomorrow, trying to esc
cut come january. >> congress must come up with a budget compromise before the end of the year or tax hikes and federal spending cuts will go into affect. pelosi will try to force a house vote to break the deadlock. tonight's annual gala event honored the entertainment great including dustin hoffman, david letterman, led -zeplin and chicago's buddy guy. they received the award for culture and the arts. >>> the" twilight" finale held on to the number one spot foreed...
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Dec 4, 2012
12/12
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KRON
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but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those weapons and may be desperate enough to use them. president barack obamas told an audience at the national the fifth anniversary monday the u.suse of chemical weapons is and what it be totally unacceptable. we will take a look at whether we are back following the latest from our around the world some of the video coming in a protest in egypt continued to roll into a nose runs around the world. several influential egyptian newspapers and suspended publication to protest what many journalists see as restrictions on freedom of expression in a draft constitution adopted by islamic led panel. toda
but it has no tax increases. it raises revenue through closing tax loopholes and deductions. if the white house immediately rejected the republican proposal. the president saying he would not accept any proposal without a tax increase for wealthy americans. >> u.s. official said the white house and its allies are weighing military options to secure serious chemical and biological weapons. the cult-that this comes after u.s. intelligence reports show the syrian regime may be readying those...
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Dec 8, 2012
12/12
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KRON
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president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the afternoon. it take a look at the yellow on your spring this is where the dense fog a
president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign....
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. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage the last option? >> i really think it should be, absolutely. >> reporter: an option. >> it is a wonderful house. >> reporter: linda mcmahon regrets taking. >> i hope somebody enjoys it. >> reporter: jim avila, abc news, washington. >> you have to feel for her, too. here's the problem in a nutshell. unlike traditional mortgage. make your payments. equity. a reverse mortgage pays out equity in your home as cash. increases your debt and decreases your equity. that's the problem in a nutshell. that's how the woman got into the situation she did. it sounds good, but like with everything, there is a downside. commer
. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage...
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the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if republicans do not agree to some higher rates for wealthier taxpayer, the nation will go over the cliff, and the american people will hold the republicans responsible. wall street remains optimistic a deal will be struck. so the lack of progress is not yet resulted in a market plunge. but some economists estimate that because of the uncertainty posed by the fiscal cliff, at least 200,000 fewer jobs have been created this year. the official deadline is december 31st at midnight when the ball drops in times square. the deadline is before that, a week from friday when the house of representatives is scheduled to go
the white house demanding higher tax rates for the top two tax brackets, and the republicans refusing. after rejecting the obama administration proposal last week, house republicans offered an outline for $2.2 trillion in deficit reduction, mostly through spending cuts. and while president obama would not answer questions about the counterproposal -- >> no deal better than a bad deal, sir? >> reporter: -- a senior white house official assailed it as a step backward, saying if...
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Dec 6, 2012
12/12
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geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the southern philippines has climbed to 350 people today. it hit hardest in the southern philippines where entire families were washed away. and the four injured people are still missing. nato has called on north korea to cancel its plans for a second rocket launch. ambassador stated yesterday that it wants would violate u.n. resolutions and could be is that the stabilize the korean peninsula. russia and china are urging north korea to not proceed with the planned rocket launchers. >> it is now 948 and changes are coming to an said gramm and twitter. our mt. tam cam is stop and with great skies.
geiger says the problem is too big to be solved without raising tax rates on the wealthy. he drew a fierce response from republicans saying that the statement was stunning and irresponsible. egest republic golegest republis ordered protesters supporting and opposing president mohammed morsi to leave the area around the presidential palace that has been the site of fierce clashes. the guard gave broad protesters on both sides time to clear out. >> the death toll from the typhoon hit the...
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Dec 7, 2012
12/12
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says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. google and amazon have been targeted as not paying their fair share in england. >> will be back with bay area traffic and weaken weather. and he has more on what is coming up. >> tevatron on the rise of the next few weeks thanks to high pressure. -- temperatures on the rise. >> you can see blue skies and a few clouds out there. for the rest of today we see areas of patchy fog in the north bay. otherwise a lot of sunshine for this afternoon. a bit milder and this evening clear skies and will cool things down. visibility is low in santa rosa. napa is looking good the fog had mixed out. and you are looking at this a visitvisibility problems are not an issue. >> temperatures are in the '50s and downtown san francisco forties' up in the north bay for novato 46 in san mateo. 51 in oakland. >> here is a look at satellite and radar where we see high pressure in control which is why we
says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. google and amazon have been targeted as not paying their fair share in england. >> will be back with bay area traffic and weaken weather. and he has more on what is coming up. >> tevatron on the rise of the next few weeks thanks to high pressure. -- temperatures on the rise. >> you can see blue skies and a few...
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Dec 10, 2012
12/12
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many house republicans refused to support tax cuts under circumstances. the cresdemocrats have been settled out rushing through entitlement hewlett-packard is up 4%. the stock up to $14.35 at we have rumors floating that carl icon is buying up shares in the company. >> we will be watching closely. will be back at 915 with our financial analyst raw black. >> traffic backed up on this bug in morning 101 both about rep the 87 interchange. >> our financial analyst rober black will have more on wall street when we come back. p0jg welcome back the time is 8:09 a.m.. if you like to turn holiday shopping into a last minute marathon macy's is willing to help you out. the department store chain will be open for non stop shopping the last weekend before christmas. the store will open at 7:00 a.m. on friday december 21st and will stay open until 7:00 a.m. on sunday december 23rd. the marathon will end of that morning. but macy's as many stores for nine open until midnight. the company has tried out extended chopping hours in past years. but as a the first time all 80
many house republicans refused to support tax cuts under circumstances. the cresdemocrats have been settled out rushing through entitlement hewlett-packard is up 4%. the stock up to $14.35 at we have rumors floating that carl icon is buying up shares in the company. >> we will be watching closely. will be back at 915 with our financial analyst raw black. >> traffic backed up on this bug in morning 101 both about rep the 87 interchange. >> our financial analyst rober black will...
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he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the governors of new jersey, new york and connecticut are teaming up to request almost $83 billion in federal help. >>> also on capitol hill, the senate has just passed its version of a defense bill. it's a $631 billion measure. it calls for a quicker withdrawal of u.s. troops from afghanistan and tougher sanctions on iran. it would also give military personnel a 1.7% raise. that vote was 98-0. unanimous. the senate and house must work out a compromise. >>> now we turn to egypt where tv stations are expected to go dark today in protest over the president's recent power grab
he didn't mention anything about tax increases. but then he says, well, you come to the table and it all comes down to math. it didn't add up. that's why he needs tax increases. >> elections change things. >> math. >>> well, there will be a full court press on capitol hill later this morning as officials from northeast push for billions of dollars in federal aid in the wake of hurricane sandy. senators from hard-hit states are among those scheduled to test final the...